Tax on property by keyword real estate

Tax is payable on inheritance, valuable gifts, rent income, sales profits, investment income and real estate, for instance. The amount of tax can be estimated using online calculators and tax bracket tables.

Tax on real estate is paid to the local authority which annually sets the real estate tax percentage. Transfer tax is payable in conjunction with the acquisition of real estate or shares in housing associations. First-time home buyers are usually exempt from transfer tax.